Forex Signal For BTC/USD: Bitcoin Still Stuck in Narrow Range
Forex Signal For BTC/USD: Bitcoin Still Stuck in Narrow Range
Bitcoin will stay in this tight range with key support and resistance levels at 40,000 and 44,000 on Thursday.
Bull Market View
- Buy the BTC/USD pair and earn 44,000 basis points of margin.
- Add a stop-loss to 40,000.
- Timeline: 1 day
Forex Signal For BTC/USD: Bitcoin Still Stuck in Narrow Range
Bear Market View
- Get 40,500 sales points and take a profit at 38,000
- Add a stop-loss to 42,000.
It bounced strongly Wednesday evening and Thursday morning as Bitcoin split with American equities, trading at 41,352, which is just below this week's high.
This price is also above this week's low.
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